Relevant:
- South Carolina's Hardest Hit Funds Farce... Failing but Finally Changing?
- IRS Outlines Tax Consequences for Financially Distressed Homeowners
- $656.8 Million to Help Struggling Homeowners on Hold
- Taxpayers foot the bill for bank foreclosure costs in $1 billion homeowner help plan
- States divert foreclosure prevention money to demolitions
2013-07-03 — yahoo.com
``While the Hardest Hit program allows lenders to use the money to pay their lawyer fees and out-of-pocket expenses, the federal law that authorised the plan forbids homeowners from doing the same.
The US Treasury Department determined in 2010 that legal aid for borrowers was not allowed under the Emergency Economic Stabilisation Act of 2008. One of Florida's original proposals to use Hardest Hit money was rejected because it included $US25 million for legal counselling and representation for homeowners.''
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